Cup and Handle pattern formation in progress. For Reversal Monthly RSI divergence may complete at this target.
Lower low and lower highs. Rejected from strong resistance zone. Rejection from EMA-9.
Higher High & Higher Lows Touch EMA 1 hour candle Fib 61% retracement completed
Higher High and Higher Lows. Taking support from strong support zone.
Bearish Indicators: 1. Trend is bearish. 2. Rejection from EMA 9. 3. Rejection from Resistance Zone.
Bearish Indicators: 1. Bearish Trend (Series of Lower Low and Lower Highs). 2. Rejection from EMA-9. 3. Sellers nominated on resistance zone.
According to my analysis when first candle touch EMA-9 after some bearish candles away (do-not touch) from EMA-9, then bearish trend may continue.
Bullish Indicators: 1.Series of Higher Highs and Higher Lows. 2. Bullish Channel. 3. Price Taking Support from Support Zone.
1. Trend Bearish. 2. Sharp Selling with Lower Highs and Lower Lows 3. First Candle Touched EMA-9.
RSI Divergence Make on 15 minutes Slop loss in below of the previous day closing.
Bearish Trend breakout Bullish RSI Divergence Higher High and Higher Low
Bullish Indicators: 1. Higher High and Higher Lows. 2. Rising Trend Line. 3. Support Zone.
As trend is downward - bearish so i am taking sell trade
Bullish Indicators1: Higher High & Higher Lows. EMA 9 Tested. Entry = 33800 SL = 33667 TP = 34022
I am Taking long position here. Bullish Indicators: Support Zone. Bullish Divergence. Entry 12930 SL 12830 TP 13030
Monthly Chart Analysis: Seasonal Analysis: 1. Last 10 out of 14 years April Month was Bullish. 2. April-23 may makes Bullish candle but the long term trend will bearish with the target of 17 for Dec23. Price Behavior: 1. From Top takes 6 bars reversal in 2008. 2. In this channel 3 times Bull Run took 26 bars on an average. 3. In this channel 2 bear run took 18...
Biased - Long Entry = 1.22400 SL = 1.21750 TP = 1.24000 Bullish Indicators: 1. Higher Highs and Higher Lows. 2. AB=CD Pattern continue. 3. Fib 50% retracement and made new high from previous rally indication of bullishness. 4. Strong Support Zone at previous Higher Low. Bearish Indicators: 1. Bearish Divergence. 2. Rising Trend Line Breakout